Tag: Commercial Development
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Colliers International | Pittsburgh Announces Elmhurst Group’s Breaking Ground on Schenley Place
Elmhurst Group broke ground December 6, 2013 on Schenley Place, a 105,000 square foot “Class A” office building with seven stories and three levels of underground parking. Schenley Place is located on Bayard Street and Ruskin Avenue in Oakland. Elmhurst Group signed a long-term land lease with First Baptist Church of Pittsburgh for this project, which is…
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Q1 2013 Pittsburgh Industrial Market Report
Slow Start to 1st Quarter 2013 It’s a marathon, not a sprint – We hope! The Pittsburgh Industrial Market got off to a slow start coming out of the gate in 2013. The 1st Quarter saw very few transactions of significance as buyers and tenants consider the impact of a soft economy, and lingering concerns…
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Colliers International | Pittsburgh Represents NCS Services, Inc. as Tenant
– Secures new 10,200 SF office for their new headquarters relocation – PITTSBURGH, March 6, 2013 – Colliers International | Pittsburgh is proud to announce that NCS Services, Inc. will be moving its headquarters from Cranberry to a new 10,200 square foot office space in The ONS Building, located at 125 Enterprise Drive in the…
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Pittsburgh’s Overall Vacancy Rate Dips Below 8%
Source: Q4 2012 Pittsburgh Office Market Report During the fourth quarter of 2012, Pittsburgh’s overall office vacancy rate decreased to 7.9%, continuing an ongoing positive trend. Behind the stability of Pittsburgh’s banking sector, the strength of local health insurance companies and the under-the-radar growth of many high-tech companies, Pittsburgh continues to be one of the…
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Pittsburgh continues revitalization with several redevelopment initiatives
Sources: Fifth Avenue Lofts, Pittsburgh Post Gazette, Fourth River Development, New York Times, Architectural Record It is a very exciting time to live, work and play in the Pittsburgh region. With redevelopment projects slated for future construction, and sustainable improvements and investments in infrastructure, Pittsburgh is gaining notable recognition as a city with think forward strategies…
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Demand for Industrial Product Continues to Grow Steadily
Source: Colliers International | Pittsburgh Q3 2012 Pittsburgh Industrial Market Report Pittsburgh’s lack of available industrial inventory in the region has caused demand to continue to grow. With short supply in sight, companies who are expanding or relocating to the region are looking to developers for build-to-suit and speculative construction plans. The Parkway West has…
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Demand for Office Space is Excellent in Downtown Pittsburgh
Sources: Colliers International | Pittsburgh Q3 2012 Pittsburgh Office Market Report Pittsburgh office market performance continues to be strong, with an increased amount of activity and tenant movement. The office vacancy rate is steadily declining on a quarter over quarter basis, as Class A buildings continue to fill with new leases, expansions and renewals. Plans…
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Central Business District Booming with News of Office Space Development
Sources: Q2 2012 Pittsburgh Office Market Highlights; CoStar Excitement is growing for the possibility of new downtown Pittsburgh high rise buildings, offering a blend of new office and retail space. Development plans announced in Q2 2012 are all located near Market Square, fresh off a $5 million makeover. The Pittsburgh Business Times and CBS Pittsburgh reported…
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Manufacturing brings Energy to Pittsburgh Industrial Market
Sources: Colliers International | Pittsburgh Q2 2012 Pittsburgh Industrial Market Report; CoStar Hitting 2012’s halfway mark, manufacturing is having its moment. With the steel industry no longer the primary economic driver, Pittsburgh has prevailed, with a diversified manufacturing base spread out across many industries, including fabricated metals, primary metals and machinery. Geographic clustering of Marcellus Shale…
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New Skyscraper Could Be Built In Downtown Pittsburgh
Source: KDKA-TV Excitement is growing for the possibility of new downtown Pittsburgh development. KDKA-TV’s Jon Delano reports Oxford Development, the owner of the building across from the Macy’s that stretches along Smithfield between Fifth and Forbes, has promised a major announcement that could mean more top-of-the-line Class A office space opening up in downtown Pittsburgh.…
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